BTCT
BTC Digital Ltd.1.7300
+0.0800+4.85%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
16.46MP/E (TTM)
-Basic EPS (TTM)
-0.66Dividend Yield
0%Recent Filings
8-K
Over-allotment option exercised
BTC Digital Ltd. boosted its recent public offering as the underwriter exercised a partial over-allotment option on December 11, 2024, snapping up 228,853 additional ordinary shares at $8.00 each for $1.8 million in gross proceeds. This ups the total shares sold to 1,108,853 and overall proceeds to $8.8 million before fees, with closing set for December 12. The cash influx bolsters the blockchain firm's metaverse and crypto mining pursuits. Yet risks lurk in forward-looking plans.
8-K
Closes $18.4M offering
BTC Digital Ltd. closed its public offering on December 9, 2024, issuing 880,000 ordinary shares and pre-funded warrants for 1,620,000 shares at $8.00 per share, netting $18.40 million after fees. Funds will bolster working capital, cut debt, and fuel blockchain expansions like mining and data centers. Underwriter holds a 45-day option for 375,000 more shares. Market volatility tempers the cash influx.
8-K
Warrant exercises and miner hosting deals
BTC Digital issued 727,425 ordinary shares on November 13, 2024, and 120,372 on November 15 via cashless exercises of investor warrants by five holders, exempt under Section 4(a)(2). Separately, the company signed hosting agreements on November 13 with two major Asian clients for 1,100 Bitcoin miners, including ANTMINER T21 and L7 models, to deploy in the U.S. Warrants expire in 2027. This bolsters mining capacity yet dilutes shareholders.
10-Q
Q3 FY2025 results
BTC Digital Ltd. ramped up revenue to $2.6M in Q3 FY2025 ended September 30, 2024, a 203% y/y jump from $0.8M, fueled by $2.1M from mining machine resales and $0.4M from rentals, though bitcoin mining dipped to $0.1M amid halving effects and machine reallocations. Gross loss narrowed to $0.3M from $0.5M y/y, with margins improving to -10.2% as resale volumes offset higher costs. Operating loss held steady at $0.5M, while net loss eased 43% y/y to $0.6M, or ($0.21) diluted EPS on 2.7M shares; YTD revenue slipped 7% to $7.5M but operating cash flow surged 65% to $3.4M. Cash dipped to $27K amid $4.0M miner buys, offset by $0.9M equity raises and $0.5M short-term debt at variable rates; non-GAAP adjusted EBITDA turned positive at $0.4M (reconciled). Shares issued for 5.23% stake in mining JV, boosting ownership to 29.5%. Bitcoin price swings remain a core risk.
8-K
Acquires 5.23% JV stake
BTC Digital Ltd. signed an equity transfer agreement on September 6, 2024, to acquire an additional 5.23% stake in its cryptocurrency mining machines joint venture for $1,050,400 in ordinary shares, boosting its ownership from 24.3% to 29.53%. The deal, via wholly owned subsidiary Met Chain Investment Holding Company Ltd., uses the average trading price over 90 days before closing. This strengthens control over mining hardware development. No closing date disclosed.
IPO
Employees
Sector
Industry
ABTS
Abits Group Inc
5.57-0.12
AGMH
AGM Group Holdings Inc.
2.70+0.05
BTBT
Bit Digital, Inc.
2.10+0.03
BTCM
BIT Mining Limited
2.73-0.11
BTCS
BTCS Inc.
3.03+0.07
BTDR
Bitdeer Technologies Group
10.01+0.16
BTOG
Bit Origin Limited
0.21+0.00
FUFU
BitFuFu Inc.
2.66+0.05
HIVE
HIVE Digital Technologies Ltd
2.78+0.00
MARA
MARA Holdings, Inc.
10.69-0.01